Written question – Commission’s assesment of EIOPA findings regarding NOVIS case – E-001855/2025

Question for written answer  E-001855/2025
to the Commission
Rule 144
Rada Laykova (ESN)

On 16 May 2022, the European Insurance and Occupational Pensions Authority (EIOPA) issued a recommendation requiring Národná banka Slovenska (NBS) to act against a Slovakian insurance company. The Commission, referencing evidence the EIOPA had gathered, subsequently issued a formal opinion requiring the NBS to act in the case.

Serious questions have been raised about key assumptions that informed the EIOPA’s conclusions regarding an alleged breach of the minimum capital requirement in this case.

Can the Commission answer the following questions:

• 1.Did it base its formal opinion on an independent, Commission-conducted analysis, or did it largely depend on the EIOPA’s analysis?
• 2.Did it use the EIOPA’s figures on (a) the yearly future cancellation rate of insurance contracts and (b) the costs of servicing insurance contracts in its analysis?
• 3.Did it independently assess the ‘evidence’ used in the EIOPA’s analysis?

Submitted: 8.5.2025